ROM 10-04 - Review of Controls Over Job Creation and Retention Statistics Reported by SBA under the American Recovery and Reinvestment Act of 2009
… of reported job creation and retention statistics for loans approved in June 2009, which raised questions about … implement the necessary controls. Furthermore, unlike the 504 loan program, SBA has not provided lenders with adequate … 5 Management Comments Management stated that unlike the 504 program, job creation/retention is not a required element …